Bank of Makati on April 16, 2015 joined the big players in the banking industry as it officially became Bank of Makati (A Savings Bank), Inc.
Built on more than 60 years of experience in community banking, BMI was originally founded as a rural bank in July 1956. Since then, it has helped countless Filipino savers and entrepreneurs achieve their dreams.
Bank of Makati (A Savings Bank), Inc. sees no let up in its bid to make a significant contribution to nation-building. It is committed to serve and to make better banking options available to the public. Its vision is to be the Micro, Small and Medium Enterprises (mSME) bank of choice.
On this year, BMI marked its 60th anniversary, continuing its strong financial performance. With the conversion of its loan centers, BMI closed the year with 60 branches, including 14 microfinance-oriented ones located in Metro Manila. The Bank put in place an automated credit investigation system that uses android phones to better serve our borrowing public. It became 100% compliant with guidelines on the new check clearing system (CICs).
In the past couple of years, BMI’s growth was nothing short of phenomenal. The Bank's capital now stands at almost Php5.8 billion. It has deployed 10 ATMs and will soon issue its own ATM cards. A network of 19 full-service branches, 24 loan centers and 13 microfinance-oriented Metro Manila branches are now in place, with more in the pipeline. Following the approval by the Bangko Sentral ng Pilipinas to operate as a thrift bank, BMI on April 28, 2015 officially became a savings bank.
BMI converted its core banking system to Finacle, an integrated system that automates both deposit and loan processing to support ATM, mobile and internet banking.
The Bank stepped up preparations for a seamless upgrade to savings bank with the implementation of a new five-year plan. It became an allied member of the Bancnet ATM Consortium, expanded its reach in Metro Manila with its microfinance-oriented branches and opened more loan centers.
BMI sported a new logo. Corollary to this, a new tagline came into being: “Malalapitan, Maaasahang Kaibigan.” The tagline depicted the Bank as a friend who reaches out, understands and can be counted on in times of need.
BMI reached the elite list of the Top 1,000 Corporations in the Philippines, the first rural bank to do so. With total assets of Php5.2 billion and a net worth of over Php800 million, the Bank was recognized in the same year as the biggest rural bank in the Philippines – bigger, in fact, than most savings bank.
BMI gained stronger capability with the coming in of new shareholders, a new management and bigger capitalization.
We aim to be the mSME bank of choice, creating value through innovative and responsive financial products and services.
We will be:
- Recognized for our ability to satisfy and delight our customers;
- Admired for the competence and commitment of our people; and
- Respected for the values and principles we stand for.
We exist to help more people attain better financial security.
We value our role in economic development and our contribution to social progress.
We are dedicated to the continuing growth of the Bank.
We are committed to the well-being of our employees and to providing them a work-life environment that brings out the best of their abilities, talents and behavior.
We aim to provide our shareholders optimum returns on their investments.
In the pursuit of our mission, we shall be guided by the values of teamwork, integrity, concern, and excellence.
THOMAS C. ONGTENCO
A pioneering entrepreneur who has built and led numerous successful business organizations, Mr. Ongtenco previously served as President of the Motorcycle Dealers Association of the Philippines. At present, he sits as Director/President of Motortrade Nationwide Corporation.
LUIS M. CHUA
Mr. Chua joined BMI in 2005 after building a career in the academe, and local and international banks. He is an alumnus of the University of Sto. Tomas and the De La Salle University. Before assuming the role of President, he was Executive Vice President and Head of the Support Sector at BMI, overseeing operations namely Controllership Group, Loans Operations Consumer Group, Credit Support Group, Information Technology Group, Repo Management and Disposal Group, Corporate Services Group and Branch Operations Department.
RAMON B. MANZANA
Mr. Manzana sits as Chairman of the Board of Motorjoy Depot Inc., OSM City Cars Inc., Sentai Holdings Inc., Northpoint Development Bank, MOS Autosolutions Inc., Aisen Prime Holdings Inc., Tanglaw ng Buhay Foundation and Uplift Cares Movement Foundation. He is also Vice Chairman of the Board of the CCF Life Academy; Trustee/Treasurer of the Masters Academy; and President of Veradex Development Corp. and Honda Prestige Traders Inc. He was the former President of the Federation of Metro Manila Rural Bankers, Inc. and former Director of the Rural Bankers Association of the Philippines.
CHRISTINE C. ONGTENCO
Ms. Ongtenco serves as Chief Financial Officer and Corporate Secretary of Motortrade Nationwide Corporation. She holds a Bachelor of Science degree in Commerce from the De La Salle University.
MA. RODORA E. BAÑARES, FICD
Ms. Bañares is a seasoned banker who brings with her years of experience, including as President of BMI from June 2010 to June 2017, and SeniorExecutive Officer at Security Bank, Asiatrust Bank, Federal Savings Bank and Equitable Bank. An alumna of the University of the Philippines (B.S. Business Administration, Magna Cum Laude) and the De La Salle University (Masters in Business Administration), she is highly experienced in the field of sales and marketing, credit, and systems and operations.
CORAZON S. DE LOS SANTOS
An experienced banker and a former public servant, Ms. De los Santos served as Senior Vice President of Landbank of the Philippines and as Undersecretary of the Department of Finance. She has held Director positions at various banks, brokerage and garment companies. She is presently a consultant of Pampanga Development and Chief Operations Officer of Sanvil Inc.
IMELDA S. SINGZON
Ms. Singzon has several years of experience in the banking and finance industries, having served many banking and fund management institutions in various capacities, including the Philippine Deposit Insurance Corp., the Philippine National Bank, the former PNB Republic Bank, Export Industry Bank, Philippine Bank of Communications and United Coconut Planters Bank. She has a Bachelor of Science degree in Statistics from the University of the Philippines, and a Masteral Certificate in Development Economics jointly from the University of the Philippines and University of Wisconsin.
PUBLIC ADVISORY ON TEXT SCAM
Bank of Makati (A Savings Bank), Inc. (BMI) has been made aware of a scam involving text messages allegedly from Bank of Makati about raffle contests or prizes, discounts, refunds, stranded relatives ...
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ROWEL A. UMALI
Investor Relations Officer